Associated Press
New Black Lives Matter tax documents show the foundation is tightening its belt and has $30 million in assets
A national nonprofit Black Lives Matter, whose philanthropic fortunes grew almost overnight during historic protests for racial justice three years ago, has raised just over $9 million during its last fiscal year, according to new IRS tax filings. A 60-page dossier, submitted by the organization earlier this month, shows the foundation spent more money than it earned in its last fiscal year, from July 1, 2021 to June 30, 2022. Nonprofit BLM had raised more than $90 million in its first year as a tax-exempt organization, coinciding with the wave of protests against police brutality in the summer of 2020.
